COLLEGE PARK, MD – Gilbane Development Company has broken ground at Tempo, a 978-bed housing community geared toward students at The University of Maryland ( UMD ) in College Park.
The 8-tale student community will include 296 units / 978 beds and 300 indoor parking spaces. The 2.05-acre site, located at 8430 Baltimore Avenue, is a small walk from campus, less than 0.1 mile from the campus edge and within a 5 minute walk from the School of Engineering, College of Computer, Math & Natural Sciences, and College of Information Studies serving over 42% of UMD s undergraduate population. There is also a dedicated ride share pick-up and drop-off space located on-site adjacent to a covered pocket park which, in addition to public bikes and scooter parking stalls, offers an unparalleled transportation solution.
Tempo will be the first student community in College Park to offer five-bedroom units down to studios, will be fully furnished, and will offer private bedrooms with keyed entry and en suite bathrooms, in-unit washer/dryers, walk-in closets (in select units), stainless steel appliances, granite counters, high-speed internet (wired and wireless), and flat-screen TV. Leasing is by the bed, and Tempo will be professionally managed, with a diverse offering of activities to promote physical and mental fitness and wellness and a strong sense of community among students.
We are thrilled to bring this exciting new student community to College Park and The University of Maryland, noted Gilbane Development Company senior vice president Russell Broderick. The outstanding, walkable location combined with unrivaled amenities and unit design will provide UMD students with a truly superior community in which to live, learn, and thrive. We are proud to invest in the College Park and Prince George s County community with Tempo and our additional local projects, which currently total more than $350 million in development.
Tempo is scheduled to open for student occupancy in August 2022 and will have a leasing office located at 7418 Baltimore Avenue opening during the summer of 2021.

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SAN FRANCISCO, CA – Belveron Partners, a privately held investment firm focused on housing preservation, and Conifer Realty, one of the nation’s largest affordable housing developers, owners, and property managers, announced their closing. Belveron’s investment marks one of several changes in control over Conifer’s 45-year history, the latest being when founding member Richard Crossed named Timothy D. Fournier as president and CEO in 2012.
This moment is the successful culmination of Conifer’s deliberate work to ensure the company’s continuity and growth. The acquisition required support from more than four dozen federal, state, and local agencies, plus 70 general, limited, and non-profit partners. The industry reputation of both firms smoothed the way and positions Conifer for ongoing market leadership.
“Closing an investment of this magnitude and complexity in the midst of a global pandemic presented new challenges. We are glad to have it concluded as we believe this investment strategy represents the future of affordable housing preservation,” said Paul Odland, Founder of Belveron Partners. “Forward-looking firms like Conifer know equity and acumen are essential to ensure both the company and the housing they have built is protected, improved, and available to serve low- and middle- income families for decades to come.”
“Belveron Partners’ investment will position Conifer in a unique place in our industry, able to make investments in our growth and our culture, resulting in an even stronger, positive impact on the communities we serve,” added Joan Hoover, President and CEO of Conifer.
All told, the closing encompasses more than 500 employees, nearly 30,000 residents, 194 properties, 15,340 homes, and 12 new construction projects in various phases of development. Hoover’s role as President has also been expanded to CEO and member of the Board, to which she also reports. The board includes Paul Odland, Louis A. Harrison, who spearheaded the investment for Belveron, Tim Fournier as Chairman, and Ryan Fuson, Managing Director of Redwood Housing.
Belveron and Redwood are frequent partners, having closed on multiple properties as recently as earlier this year in New Jersey and Washington DC.
Belveron Partners is committed to affordable housing through a variety of investments. Earlier this month, Belveron celebrated the preservation of Mercantile Wharf, a longtime refuge for low- and middle-income families in Boston’s historic North End neighborhood. The mixed-income community faced the prospect of conversion to condominiums or sale until Belveron and its partners secured a new Section 8 contract for residents there, resulting in long term protections and a rent reduction for many households.

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PHOENIX, AZ – Wood Residential Services, a national leader in multi-family real estate management, announced that it has been retained by TA Realty to manage three luxury apartment communities – Valentina by Alta in San Diego, Alta North Central in Phoenix and Alta Green Mountain in Lakewood, Colorado.
The agreement involves two top-tier companies: Wood Residential Services (WRS), a premier real estate management firm recently named the #1 manager for its online reputation in the J Turner Research rankings (Division III), and TA Realty, one of the largest and most experienced providers of real estate investment management services in the U.S.
“The entire Wood Residential Services team is excited to work with TA Realty as we continue to expand our management portfolio,” said Steve Hallsey, Managing Director for Wood Residential Services. “Strong third-party agreements like these will enable us to continue making a positive impact on these communities, by delivering exceptional customer service to our residents and a solid ROI for our partner.”
Each apartment community offers residents exceptional amenities and state-of-the-art home features like upgraded cabinetry, appliances and more.
Valentina by Alta, located in the Small Italy neighborhood of San Diego, CA, offers 110 boutique apartment homes with one- and two-bedroom floor plans, as well as penthouse units that feature unobstructed views of the San Diego Bay. Amenities include a second-floor pool, a fitness & yoga studio with bay views, multiple outdoor terraces and a resident library. Leasing started in the summer of 2019.
Alta North Central, located in Phoenix, AZ, includes 229 one-, two- and three-bedroom apartment homes and offers highly sophisticated living with a resident lounge, large pet area and rooftop terrace. In-home finishes and appliances include two cabinetry color schemes, five-burner gas stoves and double-ovens in select units. The community opened in the fall of 2019.
Alta Green Mountain, located in Lakewood, CO, offers 260 one-, two- and three-bedroom apartment homes with breathtaking views of Denver and the Green Mountain Nature Preserve, giving residents the perfect balance between the convenience of city living and the Colorado outdoors. Amenities include a spacious clubhouse, resort-style pool and a Colorado-inspired fitness center. It opened its doors in spring of 2019.
“We are very pleased with our choice to retain WRS as property manager for our recently bought apartment communities and look forward to our new partnership,” said Mike Haggerty, Managing Partner of TA Realty. “We are confident that WRS will help us successfully manage these communities while putting the needs of the residents first.”

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